Alphabet’s $100 Billion Stock Swoon Shows AI Stakes Are Rising
- AI frenzy has finally made its way to Alphabet and Microsoft
- Alphabet’s stumble sent the stock down more than earnings miss
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The stakes in the race for generative AI are rising.
The fervor in the stock market bubbling around artificial intelligence spread this week to Microsoft Corp. and Alphabet Inc., which despite investing heavily in the technology had so far been ignored by traders in favor of smaller, more speculative companies.